Food prices rose 5.9pc, but increased just 4.7pc excluding the price of eating out. The price of eggs jumped 19.9pc and cooking oil prices climbed 8.8pc, but the price of flour dropped 11.6pc, dairy products prices fell 6.2pc and pork was 4.9pc cheaper.

Household energy prices rose 11.0pc as piped gas prices climbed 23.2pc.

Consumer durable prices rose 2.4pc.

Motor fuel prices fell 4.3pc.

Prices of spirits and tobacco products increased 7.3pc and clothing prices rose 1.4pc. Service prices were up 5.4pc.

Harmonised inflation, calculated for better comparison with other European Union member states, was 4.2pc.

Core inflation, which excludes volatile fuel and food prices, was 3.9pc.

The CPI calculated with a basket of goods and services used by pensioners was 4.5pc.

In a month-on-month comparison, consumer prices were flat. Food prices, excluding the price of eating out, edged down 0.1pc. Service prices rose 0.5pc, household energy prices were unchanged and motor fuel prices dropped 0.8pc.

Commenting on the fresh data, the National Economy Ministry said government measures to reduce prices, including mandatory markup caps on food and non-food products as well as voluntary price restrictions by banks, insurers, telecommunications service providers and pharmaceutical companies, had shaved around 1.6pp off headline inflation in August.

The government takes steps to counter "unjustified" price increases in all sectors, it added.

Full report available here

 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

*********************************************************************************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.